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Student loan repayment calculator
Work out how quickly you can pay off your student loan.
Login to myIR to check your current loan balance
You need to be away from New Zealand for more than 183 days to be considered living overseas (overseas-based borrower).
Interest rate
Each year you must pay
Loan term
Interest
Your loan will be paid off within one year if you meet your minimum repayments and interest
Your loan is over $90,000 and your repayments might not be enough to cover your interest. Your repayments will be credited to your interest first then remaining funds will go towards paying your whole student loan balance.
Pay it faster
Each year if you pay:
Your minimum repayments of
and
make extra ** repayments of
Your loan will be paid off in
Interest
You need to be in New Zealand for more than 183 days to be considered living in New Zealand (New Zealand-based borrower).
Because your income is below the repayment threshold you aren't required to make repayments, but you can make payments anytime you want.
Each year you must pay
Loan term
Your loan will be paid off within one year if you meet your minimum repayments
Pay it faster
Each year if you pay:
Your minimum repayments of
and
make extra ** repayments of
Your loan will be paid off in
Disclaimer: This calculator is for general guidance. Figures produced are only estimates based on the information you've provided. If you use assistive technology we recommend you use our detailed calculator. Find out the things you need to know about using the calculators
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